There you go again with that patronizing, condesce
Post# of 65629
Posted On: 10/29/2016 2:02:49 PM
There you go again with that patronizing, condescending shit.
Maybe you need to look at the totality of Trump's business failures?
THAT'S 'reality'. And his tax plan is a fairytale for righty children, and dogmatic supply-siders.
Trump Casinos
Maybe you need to look at the totality of Trump's business failures?
THAT'S 'reality'. And his tax plan is a fairytale for righty children, and dogmatic supply-siders.
Quote:
time.com/4343030/donald-trump-failures/
10 Donald Trump Business Failures
TIME Staff
April 29, 2011 Updated: Oct. 11, 2016 11:14 AM ET
Donald Trump talks a lot about his business successes, but he’s had more than a few failures over the years as well. Here’s a look at some of the missteps he’s made in his long career.
Trump Casinos
Quote:
Donald Trump’s gambles don’t always go as planned. Especially when that gamble is gambling itself. In February 2009, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection for the third time in a row — an extremely rare feat in American business.
The casino company, founded in the 1980s, runs the Taj Mahal, the Trump Plaza and the Trump Marina. All three casinos are located in Atlantic City, N.J., where the gambling industry has faced a decline in tourists who prefer gambling in Pennsylvania and Connecticut instead. Trump defended himself by distancing himself from the company, though he owned 28% of its stock.
“Other than the fact that it has my name on it — which I’m not thrilled about — I have nothing to do with the company,” he said. He resigned from Trump Entertainment soon after that third filing, and in August of that year he, along with an affiliate of Beal Bank Nevada, agreed to buy the company for $100 million. The company reported it emerged from bankruptcy in July 2010.
Trump Airlines
In October 1988, Donald Trump threw his wallet into the airline business by purchasing Eastern Air Shuttle, a service that for 27 years had run hourly flights between Boston, New York City and Washington, D.C. For roughly $365 million, Trump got a fleet of 17 Boeing 727s, landing facilities in each of the three cities and the right to paint his name on an airplane. Trump pushed to give the airline the Trump touch, making the previously no-muss, no-fuss shuttle service into a luxury experience.
To this end, he added maple-wood veneer to the floors, chrome seat-belt latches and gold-colored bathroom fixtures. But his gamble was a bust. A lack of increased interest from customers (who favored the airline for its convenience not its fancy new look) combined with high pre–Gulf War fuel prices meant the shuttle never turned a profit.
The high debt forced Trump to default on his loans, and ownership of the company was turned over to creditors. The Trump Shuttle ceased to exist in 1992 when it was merged into a new corporation, Shuttle Inc.
Trump University
Real estate mogul Donald Trump holds a media conference announcing the establishment of Trump University May 23, 2005 in New York City.
In 2005, Trump opened the non-accredited, for-profit Trump University. In 2010, four students sued the university for “offering classes that amounted to extended ‘infomercials.’”
Following the suit, the “university” changed its name to “The Trump Entrepreneur Initiative,” before ending operations one year later. In 2013, the New York Attorney General sued Trump and the “university” for $40 million for allegedly defrauding students.
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